Nov 16, 2012 6:00pm EST
not often >> ronald reagan. "social security has nothing to do with the deficit. social security is totally funded by the payroll taxes levied on employer and employee. if you reduce the social security, that money would not go into the general fund to reduce the deficit." ronald reagan. >> texas congressmember and former republican presidential candidate ron paul has given his farewell speech to the house of representatives. and more than 45 minute address wednesday, he assessed his own legacy, blasted u.s. policy at home and abroad and posed a series of questions. >> why cannot people understand that were always destroys wealth and the ready? why is there so little concern for the executive order that gives the president authority to establish a kill list, including american citizens, of those targeted for assassination. why is patriotism thought to be blind loyalty to the government and the politicians to run it, rather than loyalty to the principles of liberty and support for the people. real patriotism is a willingness to challenge the government when it is wrong. >> congressmember ron
Nov 15, 2012 10:00am EST
second-term presidenciy are very, very difficult. i thought ronald reagan had a fairly successful second term and bill clinton's was marred by his own personal issues. second trerms difficult. w. had a difficult time. one of the things i think they underestimate at the white house and the treasury is the idea of doing tax reform. when you both were probably in preschool, i was covering the '85, '86, tax reform act, and to call it heavy lifting is an understatement. it took a savvy, smart treasury secretary, jim baker, working with capitol hill and a supportive president, and democrats and republicans. i don't see any of those ingredients today to do tax reform in 2013, 2014. >> especially if the president is going to have a new treasury secretary. itim geithner, this has sort of been his-- tim geithner wanted to be behind tax reform, wanted to be the force behind corporate tax reform. that might speak to tim geithner staying on a little long fer they think they can get something done in the first six months. >> why is anything different now? why is anything different in the second term?